FLCC vs SCHX: Grades, Fees and Holdings Compared

Federated Hermes MDT Large Cap Core ETF

FLCCCNYSE Arca

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

47.6%by weight

Expense ratio

SCHX −0.26pt a year

FLCC0.29%SCHX0.03%

Avg volume · 30D

SCHX 342.2×the volume

FLCC29KSCHX9.93M

FLCC vs SCHX Performance

Oct 31, 2025 – Oct 30, 2026

+12.3%FLCC+11.5%SCHX

Expense ratio: FLCC 0.29%; SCHX 0.03%, better
Fund size: FLCC $181M; SCHX $73.2B
1Y total return: FLCC +12.3%, better; SCHX +11.5%
Yield (12M): FLCC 0.45%; SCHX 1.05%, better
Holdings: FLCC 154; SCHX 753
Avg volume (30D): FLCC 29K sh; SCHX 9.93M sh, better
NAV per share: FLCC $36.65; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for FLCC, SCHX, with each pillar’s weight
Pillar	FLCC	SCHX
Cost30% weight	D39	A91Higher
Mission25% weight	Not scored	A99
Risk15% weight	C42	C48Higher
Tradability15% weight	D38	A88Higher
Holdings10% weight	B60	A70Higher
Durability5% weight	D37	A89Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. FLCC and SCHX are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

SCHX ranks 1st and FLCC 22nd of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 21CNBCRNeuberger Berman Core Equity ETFScore 42
Rank 22CFLCCFederated Hermes MDT Large Cap Core ETFScore 41
Rank 23CGXLCGlobal X U.S. 500 ETFScore 40

Our read on each fund

ETF.net Research

FLCCCFederated Hermes MDT Large Cap Core ETF

SCHXASchwab U.S. Large-Cap ETF

In short

FLCC A model, not a committee, picks the roughly 150 large-cap US stocks here. Federated Hermes put its MDT quant team into an ETF wrapper in 2024, building a core-shaped portfolio instead of tracking an index.

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

Stated mandate

FLCC The fund seeks long-term capital appreciation primarily through common stocks of large-capitalization U.S. companies.

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

Why people hold it

FLCC Genuinely active: a quantitative screen does the stock picking, aimed at long-term capital appreciation from large-cap US companies rather than mirroring a benchmark.
The model costs 0.29% net of a waiver through May 1, 2027, against a 0.40% gross fee. Restrained pricing for a stock-picking mandate.
Roughly 150 US stocks under the hood, so no single name carries the portfolio.

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

Worth knowing

FLCC Fees sit above the large-cap core median, where index trackers set the floor: SCHX at 0.03%, BKLC at 0.00%.
Thin trading next to the category's index giants, which can mean wider bid-ask spreads on larger orders.
Dates to 2024, a far shorter record than the index veterans beside it, and distributions arrive once or twice a year rather than quarterly.

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

Full FLCC profile⁠

Full SCHX profile⁠

FLCC vs SCHX Holdings

How FLCC and SCHX differ

Overlap by weight

47.6%

Shared holdings make up 92.1% of FLCC and 57.8% of SCHX.

Level by level

Holdings131 in both47.6%
Sector11 Sectors95.9%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in FLCC and SCHX, widest gap first
Sector	More in FLCCMore in SCHX	FLCC	SCHX
Technology	FLCC +2.9 points	41.7%	38.8%
Consumer Staples	SCHX +1.4 points	3.2%	4.6%
Utilities	SCHX +1.0 points	1.0%	2.0%
Energy	SCHX +0.8 points	3.0%	3.8%
Materials	FLCC +0.8 points	2.8%	2.0%
Real Estate	SCHX +0.5 points	1.4%	1.9%
Health Care	FLCC +0.4 points	10.2%	9.8%
Communication	SCHX +0.3 points	8.2%	8.5%
Consumer Discretionary	SCHX +0.1 points	8.8%	8.9%
Financials	SCHX +0.1 points	11.6%	11.7%
Industrials	Same weight	8.1%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in FLCC and SCHX, widest gap first
Country	More in FLCCMore in SCHX	FLCC	SCHX
United States	FLCC +0.5 points	100.0%	99.5%
Other countries (6)	SCHX +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

FLCC36.4%
SCHX35.3%

Securities held

FLCC153
SCHX753

Asset class

FLCC: Equity
SCHX: Equity

Holdings

Only in FLCC22
In both131
Only in SCHX622

Only in FLCC

22 securities, 7.9% of FLCC by weight

Fiserv Inc1.65%
Viking Holdings Ltd0.78%
Advance Auto Parts Inc0.73%
Kilroy Realty Corp0.66%
Johnson Controls Internat0.53%
Federated Govt Obli Fd-Pr0.52%
Allison Transmission Hold0.50%
Celanese Corp0.47%
Cirrus Logic Inc0.31%
Virtu Financial Inc-Class0.27%
Ryder System Inc0.26%
Weatherford International0.21%
Allegion PLC0.21%
Trade Desk Inc/The -Class0.17%
Pegasystems Inc0.13%
Dxc Technology Co0.13%
Enphase Energy Inc0.13%
Manpowergroup Inc0.07%
Zoominfo Technologies Inc0.06%
Western Union Co0.06%
Net Current Assets0.02%
Fmc Corp0.01%

Only in SCHX

622 securities, 42.2% of SCHX by weight

Alphabet Class C1.91%
Berkshire Hathaway Inc Class B1.43%
Visa Class A0.99%
Mastercard Class A0.73%
Chevron0.65%
Palantir Technologies Class A0.64%
Procter & Gamble0.53%
Merck & Co Inc0.51%
Coca-Cola0.51%
Bank of America0.47%
Home Depot0.47%
Philip Morris International0.46%
Palo Alto Networks0.44%
Thermo Fisher Scientific0.37%
Wells Fargo0.36%
International Business Machines Co0.35%
Oracle0.34%
Linde PLC0.33%
Citigroup0.30%
Amphenol Corp Class A0.29%
Space Exploration Technologies Cor0.28%
Walt Disney0.27%
Marvell Technology0.27%
Salesforce0.27%
Mcdonalds Corp0.26%
Abbott Laboratories0.26%
Conocophillips0.26%
Union Pacific0.26%
Nextera Energy0.24%
Pfizer0.24%
American Express0.24%
BlackRock0.24%
Deere0.24%
Seagate Technology Holdings PLC0.23%
Intuitive Surgical0.23%
Tjx0.22%
Eaton PLC0.22%
Accenture PLC Class A0.22%
Danaher0.21%
Dell Technologies Inc Class C0.20%
AT&T0.20%
S&P Global0.20%
Boeing0.19%
Progressive0.19%
Capital One Financial Corp0.18%
Chubb0.18%
Prologis Reit0.17%
Starbucks Corp0.17%
Medtronic PLC0.17%
Parker-Hannifin0.17%

Weight gaps

The 100 widest of 131 Holdings in both funds.

Holding weights in FLCC and SCHX, widest gap first
Holding	More in FLCCMore in SCHX	FLCC	SCHX
Alphabet Inc-Cl AGOOGL	FLCC +2.86 points	5.23%	2.37%
Microsoft CorpMSFT	SCHX +1.77 points	3.82%	5.59%
Bank of New York Mellon CBNY	FLCC +1.69 points	1.83%	0.14%
AbbVie IncABBV	FLCC +1.68 points	2.41%	0.73%
State Street CorpSTT	FLCC +1.64 points	1.71%	0.07%
General ElectricGE	FLCC +1.45 points	1.91%	0.46%
Travelers Cos Inc/TheTRV	FLCC +1.36 points	1.48%	0.12%
Costco Wholesale CorpCOST	FLCC +1.34 points	1.97%	0.63%
Fortinet IncFTNT	FLCC +1.27 points	1.39%	0.12%
Meta Platforms Inc-ClassMETA	SCHX +1.27 points	0.69%	1.96%
Prudential Financial IncPRU	FLCC +1.22 points	1.28%	0.06%
Ameriprise Financial IncAMP	FLCC +1.22 points	1.28%	0.06%
Northern Trust CorpNTRS	FLCC +1.18 points	1.22%	0.04%
Crowdstrike Holdings IncCRWD	FLCC +1.13 points	1.51%	0.38%
Tesla IncTSLA	SCHX +1.08 points	0.54%	1.62%
Intuit IncINTU	FLCC +1.06 points	1.19%	0.13%
Veralto CorpVLTO	FLCC +1.00 points	1.04%	0.04%
Texas Instruments IncTXN	FLCC +0.98 points	1.39%	0.41%
Maplebear IncCART	FLCC +0.92 points	0.93%	0.01%
Rtx CorpRTX	FLCC +0.90 points	1.28%	0.38%
Advanced Micro DevicesAMD	SCHX +0.82 points	0.49%	1.31%
Newmont CorpNEM	FLCC +0.79 points	0.96%	0.17%
Arista Networks IncANET	FLCC +0.80 points	1.07%	0.27%
Regeneron PharmaceuticalsREGN	FLCC +0.77 points	0.88%	0.11%
Netflix IncNFLX	FLCC +0.76 points	1.13%	0.37%
Analog Devices IncADI	FLCC +0.73 points	1.03%	0.30%
Apple IncAAPL	SCHX +0.72 points	6.51%	7.23%
Ge Vernova IncGEV	FLCC +0.69 points	1.03%	0.34%
Netapp IncNTAP	FLCC +0.67 points	0.73%	0.06%
Veeva Systems Inc-Class AVEEV	FLCC +0.66 points	0.73%	0.07%
Lululemon Athletica IncLULU	FLCC +0.64 points	0.66%	0.02%
JPMorgan Chase & CoJPM	SCHX +0.64 points	0.66%	1.30%
Kla CorpKLAC	FLCC +0.58 points	0.89%	0.31%
Amgen IncAMGN	FLCC +0.58 points	0.93%	0.35%
Gilead Sciences IncGILD	FLCC +0.56 points	0.85%	0.29%
NVIDIA CorpNVDA	FLCC +0.55 points	7.90%	7.35%
Five BelowFIVE	FLCC +0.55 points	0.57%	0.02%
Broadcom IncAVGO	SCHX +0.52 points	1.81%	2.33%
Marathon Petroleum CorpMPC	FLCC +0.52 points	0.69%	0.17%
Expedia Group IncEXPE	FLCC +0.50 points	0.55%	0.05%
Paycom Software IncPAYC	FLCC +0.48 points	0.49%	0.01%
Amazon.com IncAMZN	SCHX +0.43 points	2.97%	3.40%
Boston Scientific CorpBSX	FLCC +0.41 points	0.50%	0.09%
Cummins IncCMI	FLCC +0.39 points	0.49%	0.10%
Phillips 66PSX	FLCC +0.38 points	0.54%	0.16%
Charter Communications InCHTR	FLCC +0.38 points	0.40%	0.02%
Costar Group IncCSGP	FLCC +0.37 points	0.39%	0.02%
Exelon CorpEXC	FLCC +0.35 points	0.42%	0.07%
Cvs Health CorpCVS	FLCC +0.36 points	0.52%	0.16%
Applied Materials IncAMAT	FLCC +0.33 points	0.81%	0.48%
Murphy Usa IncMUSA	FLCC +0.33 points	0.34%	0.01%
Interactive Brokers Gro-CIBKR	FLCC +0.33 points	0.38%	0.05%
Gartner IncIT	FLCC +0.33 points	0.35%	0.02%
Southwest Airlines CoLUV	FLCC +0.33 points	0.36%	0.03%
Duke Energy CorpDUK	FLCC +0.32 points	0.46%	0.14%
Snowflake IncSNOW	FLCC +0.33 points	0.49%	0.16%
Micron Technology IncMU	SCHX +0.31 points	1.19%	1.50%
Illumina IncILMN	FLCC +0.28 points	0.34%	0.06%
Cardinal Health IncCAH	FLCC +0.27 points	0.35%	0.08%
Exxonmobil Holdings CorpXOM	SCHX +0.26 points	0.81%	1.07%
Alcoa CorpAA	FLCC +0.25 points	0.27%	0.02%
General Motors CoGM	FLCC +0.25 points	0.36%	0.11%
Trane Technologies PLCTT	FLCC +0.25 points	0.38%	0.13%
Walmart IncWMT	SCHX +0.24 points	0.53%	0.77%
Elanco Animal Health IncELAN	FLCC +0.23 points	0.25%	0.02%
Eli Lilly & CoLLY	SCHX +0.23 points	1.33%	1.56%
Ppg Industries IncPPG	FLCC +0.21 points	0.25%	0.04%
Verizon Communications InVZ	SCHX +0.21 points	0.05%	0.26%
Cisco Systems IncCSCO	FLCC +0.20 points	0.81%	0.61%
General Dynamics CorpGD	FLCC +0.19 points	0.32%	0.13%
Curtiss-Wright CorpCW	FLCC +0.18 points	0.21%	0.03%
Ulta Beauty IncULTA	FLCC +0.18 points	0.22%	0.04%
Eog Resources IncEOG	FLCC +0.18 points	0.30%	0.12%
Hartford Insurance GroupHIG	FLCC +0.18 points	0.23%	0.05%
PayPal Holdings IncPYPL	FLCC +0.18 points	0.25%	0.07%
Western Digital CorpWDC	FLCC +0.18 points	0.38%	0.20%
Qualcomm IncQCOM	SCHX +0.17 points	0.11%	0.28%
Atlassian Corp-Cl ATEAM	FLCC +0.15 points	0.20%	0.05%
Steel Dynamics IncSTLD	FLCC +0.15 points	0.20%	0.05%
Schwab (Charles) CorpSCHW	SCHX +0.15 points	0.06%	0.20%
Qnity Electronics IncQ	FLCC +0.14 points	0.18%	0.04%
Welltower IncWELL	SCHX +0.14 points	0.10%	0.24%
Caterpillar IncCAT	SCHX +0.13 points	0.29%	0.42%
Align Technology IncALGN	FLCC +0.14 points	0.15%	0.01%
Vertiv Holdings Co-AVRT	SCHX +0.13 points	<0.01%	0.13%
Tyler Technologies IncTYL	FLCC +0.13 points	0.15%	0.02%
Airbnb Inc-Class AABNB	FLCC +0.13 points	0.23%	0.10%
Pepsico IncPEP	SCHX +0.13 points	0.13%	0.26%
Arch Capital Group LtdACGL	FLCC +0.13 points	0.18%	0.05%
Albemarle CorpALB	FLCC +0.12 points	0.14%	0.02%
Vertex Pharmaceuticals InVRTX	SCHX +0.12 points	0.07%	0.19%
Keysight Technologies InKEYS	FLCC +0.12 points	0.20%	0.08%
Hewlett Packard EnterprisHPE	FLCC +0.12 points	0.23%	0.11%
Bristol-Myers Squibb CoBMY	FLCC +0.12 points	0.30%	0.18%
Corning IncGLW	SCHX +0.11 points	0.03%	0.14%
First Solar IncFSLR	FLCC +0.10 points	0.13%	0.03%
Johnson & JohnsonJNJ	SCHX +0.09 points	0.84%	0.94%
Pinterest Inc- Class APINS	FLCC +0.10 points	0.11%	0.01%
Goldman Sachs Group IncGS	SCHX +0.09 points	0.29%	0.38%
Northrop Grumman CorpNOC	SCHX +0.09 points	0.02%	0.11%

All 151 FLCC holdings⁠All 754 SCHX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLCC vs SCHX Cost

Overpaying FLCC vs SCHX

$5,314

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FLCC 0.29%
$5,952
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FLCC 0.29%
SCHX 0.03%
Overpaying

Year by year

Year	FLCC	SCHX	Overpaying
10	$527	$55	$472
20	$2,044	$216	$1,828
30	$5,952	$638	$5,314

Expense ratio

0.29%FLCC
0.03%SCHX, cheaper

SCHX0.03%FLCC0.29%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

FLCC 18th cheapest of 29 funds

FLCC vs SCHX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLCC 0.45%; SCHX 1.05%, better
Payout (12M): FLCC $0.16; SCHX $0.31
Last payment: FLCC $0.16; SCHX $0.08
Ex-dividend: FLCC Dec 31, 2025; SCHX Sep 23, 2026
Paid on: FLCC Jan 2, 2026; SCHX Sep 28, 2026
Frequency: FLCC Irregular; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FLCCIrregular · 2 paymentsAll FLCC payments⁠

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

FLCC vs SCHX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FLCC 12.5%since Aug 2024SCHX 12.5%
Return per unit of riskSharpe ratio, 3 years: FLCC 0.99since Aug 2024SCHX 1.40
Worst fallMax drawdown, 5 years: FLCC −19.2%since Jul 2024SCHX −25.4%
Market sensitivityBeta, 5 years: FLCC 0.91SCHX 1.01; Market = 1

FLCC and SCHX in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026SCHX

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FLCC vs SCHX

In short

Stated mandate

Why people hold it

Worth knowing

How FLCC and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLCC

Only in SCHX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How FLCC and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLCC

Only in SCHX

Weight gaps